Dec. 6 at 2:34 AM
Actionable Trade Alert for
$IPG
Market Context:
$IPG closed at
$24.57, currently trading near its 60D low of
$24.39, indicating potential for a rebound. The RSI at 45.76 suggests that the stock is neither overbought nor oversold, allowing for upward movement potential.
Directional Bias: The stock is below both the 30-day MA (25.71) and the 50-day MA (26.03), indicating a bearish short-term trend. However, the proximity to the 60D low and the RSI suggests a possible reversal.
Trade Plan:
- Suggested Entry:
$24.60 (slightly above the last close)
- Stop Loss:
$24.30 (to limit downside risk)
- Take Profit Targets:
- Target 1:
$25.50 (3.6% gain)
- Target 2:
$26.00 (5.8% gain)
- Target 3:
$28.00 (13.8% gain, exceeding 17% ROI from entry)
With a clear stop loss and multiple take profit targets, this trade plan allows for flexibility while aiming for substantial returns.
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